31 Oct 2011
No details yet, but CC Sabathia just tweeted that he will be back as a Yankee next year. He linked to an announcement, but not surprisingly, it is overloaded right now.
More as details appear
UPDATE 7:37pm The trio of Heyman, Olney and Heyman have tweeted some details. The Yankees added a guaranteed year in 2016 for $25 million to his original deal and there is a vesting option for another $25 million in 2017 with a $5 million buyout. So, CC gets $30 million more guaranteed than under his original deal and could earn another $25 million. I have to admit, as much as I didn’t want to see the Yankees extend Sabathia further, this is a deal I can live with.
UPDATE 10:10pm Interesting language in the CC deal.
“The option becomes guaranteed if Sabathia does not end the 2016 season on the disabled list because of a left shoulder injury, does not spend more than 45 days of 2016 on the DL with a left shoulder injury or does not make six or more relief appearances in 2016 because of shoulder issues. He retains a hotel suite on trips, a no-trade provision and the right to buy tickets.”
So, the Yankees essentially handed him a two-year extension for $50 million. Something tells me that no matter what happens to CC in the 2016, he won’t go on the DL for a shoulder injury.